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Off Topic Off Topic - General non-Corvette related discussion. |
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01-15-2024, 10:12pm | #81 | ||||||
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It took me about ten years paying a financial advisor before I finally understood that a mortgage was not a bad debt to have. Especially now, with the collapse of the dollar imminent.
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01-15-2024, 10:21pm | #82 | ||||||
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01-15-2024, 10:24pm | #83 | ||||||
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01-15-2024, 10:28pm | #84 | ||||||
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01-16-2024, 7:38am | #85 | ||||||
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01-16-2024, 8:47am | #86 | ||||||
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01-16-2024, 8:52am | #87 | ||||||
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The point is, the free ride is over! We’ve been living large for the last several years, but if you didn’t see this on the horizon you’re blind. Rates had no where to go but up….
Buying property, the money is made on the “BUY”. Period. The intelligent man, reduced their debt in the last say two years. Now sitting pretty. People will still take out mortgages no matter the rates….. And I thought you all were ballers that paid cash for everything……. |
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01-16-2024, 9:06am | #88 | |||||||
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I haven't had a mortgage in over 20 years. Late '90s I think. |
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01-16-2024, 9:21am | #89 | |||||||
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Fed is still QT and hasn’t pivoted. Dollar looking strong, relative other currencies. https://www.marketwatch.com/investing/index/dxy |
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01-16-2024, 9:48am | #90 | ||||||
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01-16-2024, 5:43pm | #91 | ||||||
Barn Stall Owner #106
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No mortgage here either, 20 years~. Sleeping soundly and investing the cash flow on vacations.
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01-16-2024, 5:49pm | #92 | ||||||
Barn Stall Owner #112
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I could have easily paid off my mortgage, but instead I refinanced when the rate bottomed out. That money that I did not spend is making three times that in the market.
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01-17-2024, 9:33am | #93 | ||||||
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Market is floating on a sea of debt and debtors. Maybe it goes on forever or maybe not? Lot’s of counterparty risk, more than I care for, not worth risking my home on. I still dca, though and Gold.
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01-17-2024, 9:57am | #94 | ||||||
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For all the mortgage free people, have you ever taken out a heloc? Still counts
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01-17-2024, 10:00am | #95 | ||||||
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01-17-2024, 10:02am | #96 | ||||||
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I built out of pocket with zero regrets. Yeah, that money could be making me more money but I really don't care. I like not owing anything to anyone.
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01-17-2024, 10:04am | #97 | ||||||
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01-17-2024, 10:34am | #98 | ||||||
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Everyone should have a mortgage, or two, says this mortgage dood.
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01-17-2024, 1:41pm | #99 | ||||||
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01-17-2024, 1:48pm | #100 | |||||||
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All loans were paid in full before I retired in 2021. |
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